a. What is Dozier's horizon value? (Hint: Find the value of all free cash flows beyond Year 3 discounted back to Year 3 .) Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Round your answer to two decimal places. $ million b. What is the current value of operations for Dozier? Do not round intermediate calculations. Enter your answers in millions. For example, an answer $10, shour be entered as 10.55. Round your answer to two decimal places. $ million c. Suppose Dozier has $10 million in marketable securities, $100 million in debt, and 10 million shares of stock. What is the intrinsic price per share? intermediate calculations. Round your answer to the nearest cent. $
Answers
The Horizon value is $132.31 million. The Current value of operations is $141.33 million. The Intrinsic price per share is $5.13 per share.
a. To find the horizon value, the free cash flows that come after year three need to be discounted back to year three. Here's how to calculate it:
Discount factor = (1 + WACC)^n-3
where n = year
Horizon value = free cash flow for year four discounted back to year three + free cash flow for year five discounted back to year three + free cash flow for year six discounted back to year three + free cash flow for year seven discounted back to year three
Horizon value = ($13,545,600 / 1.089^1) + ($14,732,160 / 1.089^2) + ($15,945,446 / 1.089^3) + ($3,276,642,542 / 1.089^4)
Horizon value = $132.31 million
b. To find the current value of operations, the free cash flows need to be discounted back to the present value.
Here's how to calculate it:
Discount factor = (1 + WACC)^n Current value of operations = free cash flow for year one / (1 + WACC)^1 + free cash flow for year two / (1 + WACC)^2 + free cash flow for year three / (1 + WACC)^3 + horizon value
Current value of operations = $9,917,280 / 1.089^1 + $10,745,280 / 1.089^2 + $11,615,078 / 1.089^3 + $132.31 million
Current value of operations = $141.33 million
c. To find the intrinsic price per share, you need to subtract the total debt from the current value of operations, add cash and marketable securities, and divide by the number of shares outstanding.
Intrinsic price per share = (current value of operations - total debt + cash and marketable securities) / number of shares outstanding
Intrinsic price per share = ($141.33 million - $100 million + $10 million) / 10 million shares
Intrinsic price per share = $5.13 per share (rounded to the nearest cent)
Therefore, the answers are: a. $132.31 million b. $141.33 million c. $5.13 per share.
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Related Questions
The blank is the the minimum amount of your bill you must pay each month.
Answers
minimum payment
the least amount of money that must be paid at the end of a month
For a contract to be valid it must contain essential features. The feature that describes an expression of interest of one party to another and a subsequent act of indication to accept the terms outlines is
Answers
Answer:
For a contract to be valid it must contain essential features. The feature that describes an expression of interest of one party to another and a subsequent act of indication to accept the terms outlines is:
Agreement or mutual consent.
Explanation:
Mutual consent or agreement is given expression by a valid offer by one party and acceptance by the other party. These are then backed by adequate consideration, proof of the capacity of the contracting parties, and the legality of the subject of the contract. Without the agreement or mutual consent between the contracting parties, the contract is not enforceable, ab initio. It is this essential element of a contract that shows that the parties are interested in entering into some binding relationships for their mutual benefits.
Mary Glover purchased a bond issued by Home Depot priced at 146.53. The annual coupon rate is 5.875% How much interest will she receive each year? What is the price of the bond in dollars? Given the above information, what is the current yield?
Answers
Mary Glover will receive an annual interest of $8.60 on the bond issued by Home Depot. The price of the bond in dollars is $1465.30. The current yield is approximately 0.589% (rounded to three decimal places).
To calculate the annual interest Mary will receive, we multiply the coupon rate by the bond's price. The coupon rate of 5.875% can be expressed as 0.05875 in decimal form. Multiplying this by the bond's price of 146.53 gives us an annual interest of $8.60.
To determine the price of the bond in dollars, we multiply the price quoted (146.53) by 10 to account for the bond's face value, which is typically $1000. Therefore, the price of the bond in dollars is $1465.30.
The current yield is calculated by dividing the annual interest by the bond's price and multiplying it by 100 to express it as a percentage. In this case, the annual interest is $8.60, and the bond's price is $1465.30. Thus, the current yield is approximately 0.589% (0.5868% rounded to three decimal places).
Therefore, Mary Glover will receive an annual interest of $8.60 on the bond, the price of the bond is $1465.30, and the current yield is approximately 0.589%.
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2. Draw an Environmental Kuznets Curve (EKC) for China and another one for Mexico. Clearly label the horizontal axis and the vertical axis. Are these two EKCs identical? Why?
Answers
The EKCs for China and Mexico may not be identical, but they both reflect the underlying hypothesis that environmental degradation initially increases with economic growth and eventually declines as income rises further.
The Environmental Kuznets Curve (EKC) is a graphical representation that explores the relationship between environmental degradation and economic development. It suggests that environmental quality initially deteriorates as an economy grows but improves after a certain level of income is reached.
In the case of China and Mexico, I will draw two separate EKCs to represent their respective situations. Please note that the EKC is a theoretical concept, and the actual shape and position of the curve can vary based on specific factors and data.
[Drawing of EKC for China]
On the horizontal axis, we have the level of economic development or per capita income, starting from low levels on the left and increasing towards higher levels on the right. The vertical axis represents environmental degradation, such as pollution levels or carbon emissions, starting from higher levels at the bottom and decreasing towards lower levels at the top.
The EKC for China may exhibit an initial upward slope, indicating increasing environmental degradation as the country undergoes rapid economic growth and industrialization. However, as China's income continues to rise, it is expected that the curve will eventually start to bend downward, suggesting a decrease in environmental degradation. This shift may be driven by factors such as improved technology, environmental regulations, and shifts towards cleaner energy sources.
[Drawing of EKC for Mexico]
Similarly, the EKC for Mexico might also show an initial upward slope, reflecting increasing environmental degradation during its economic development phase. As Mexico's income reaches a certain threshold, the curve is expected to start declining, indicating a reduction in environmental degradation. Factors influencing this shift could include advancements in environmental policies, investment in cleaner technologies, and public awareness of environmental issues.
It is important to note that while the general pattern of the EKC may hold true for different countries, the specific shape and position of the curve can vary based on various factors including policy interventions, natural resource endowments, technological advancements, and cultural attitudes towards the environment. Therefore, the EKCs for China and Mexico may not be identical, but they both reflect the underlying hypothesis that environmental degradation initially increases with economic growth and eventually declines as income rises further.
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a buyer put $10,000 down on a $400,000 purchase price, then defaulted. if the seller obtains maximum liquidated damages, how much will the seller collect?
Answers
The amount the seller can collect in liquidated damages will depend on the terms of the contract and the jurisdiction where the transaction occurred.
In some cases, the maximum liquidated damages may be specified in the contract, while in others it may be subject to judicial interpretation. Assuming that the contract specifies a maximum liquidated damages amount of 10% of the purchase price, the seller would be entitled to $40,000 (10% of $400,000).
However, the amount collected may also depend on the buyer's ability to pay and the seller's ability to enforce the liquidated damages provision.
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If you were able to do any job in the world, if it required schooling you succeeded, and nothing was stopping you from having this job. What would you chose? Why? What attracted you to this job?
Answers
Answer:
Something in the Air Force
Explanation:
why... ahh because i am serving my country and get to choke people out cuh my stepmom wont let me choke out my sister and
why am i attracted cuh i am
do this one you owe if this is ur homework its not that hard
Jordan loves creating short films using his phone camera and small posable figures. He has learned how to edit the videos so that it looks as if the figures are alive and moving! What possible career paths might Jordan want to consider for his future? Explain.
Answers
Answer:
You tube , computer enjneer
Explanation:
Answer:
"A possible career path that Jordan would consider taking for his future are videography, music/video editor, or even an influencer of some sort! Becoming a videographer could widen his knowledge about the electronics he enjoys working with. He could possibly turn something that he's passionate about into something small like short films on a phone all the way to a Hollywood movie." all credit goes to foochy, the original creator of this paragraph. foochy is a brainly user.
Post-secondary education is
Answers
DescriptionTertiary education, also referred to as third-level, third-stage or post-secondary education, is the educational level following the completion of secondary education.
Select the correct answer. Which sales channel is the most effective for a business that has a small scale of operations? a A. telemarketing B. hiring agents C. flea markets D. franchising E. multilevel marketing
Answers
Answer:
franchising marketing
Which phrase describes insurance co-pays?
Answers
Coinsurance is a way of saying that you and your insurance carrier each pay a share of eligible costs that add up to 100 percent. For example, if your coinsurance is 20 percent, you pay 20 percent of the cost of your covered medical bills. Your health insurance plan will pay the other 80 percent.
a. An analysis of WTI's insurance policies shows that $2,674 of coverage has expired.
b. An inventory count shows that teaching supplies costing $2,318 are available at year-end.
c. Annual depreciation on the equipment is $10,698.
d. Annual depreciation on the professional library is $5,349.
e. On September 1, WTI agreed to do five courses for a client for $3,000 each. Two courses will start immediately and
finish before the end of the year. Three courses will not begin until next year. The client paid $15,000 cash in advance
for all five courses on September 1, and WTI credited Unearned Revenue.
f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at
the end of the class. At December 31, $5,653 of the tuition revenue has been earned by WTI.
g. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per
day for each employee.
h. The balance in the Prepaid Rent account represents rent for December.
Answers
The preparation of WTI Insurance Company's income statement for the year is as follows:
WTI Insurance Company
Income StatementFor the year ended December 31,
Tuition Fees $109,577
Training Fees 48,717
Total Revenue $154,694
Expenses:
Depreciation Expense -Professional Library $5,349
Deprecation Expense - Equipment 10,698
Salaries Expense 49,307
Insurance Expense 2,674
Rent Expense 24,468
Teaching Supplies Expense 7,869
Advertising Expense 7,132
Utility Expense 5,706
Total expenses $113,203
Net income $45,091
How do you prepare Income Statements from Unadjusted Trial Balance?To prepare an income statement from an unadjusted trial balance, you must take into consideration all the necessary end-of-period adjustments.
The adjustments ensure that the financial statements are prepared in accordance with the accrual basis. The accrual concept requires every expense and revenue for the period to be accounted for or recognized, whether received in cash or paid for.
Question Completion with Data from Unadjusted Trial Balance:Tuition Fees $103,924
Training Fees 38,717
Depreciation Expense -Professional Library $0
Deprecation Expense - Equipment $0
Salaries Expense $48,907
Insurance Expense $0
Rent Expense 22,429
Teaching Supplies Expense $0
Advertising Expense $7,132
Utility Expense $5,706
See attachment for more information.
Required: Prepare the income statement to show the net income.
Adjustments:a. Insurance Expense $2,674
b. Teaching Supplies Expense = $7,869 ($10,187 - $2,318)
c. Depreciation Expense - Equipment = $10,698
d. Depreciation Expense - Professional Library = $5,349
e. Training Fees = $48,717 ($38,717 + $10,000)
f. Tuition Fees $109,577 (103,924 + $5,653)
g. Salaries Expense $49,307 ($48,907 + $100 x 4)
h. Rent Expense = $24,468 ($22,429 + $2,039)
Thus, the income statement of WTI's Insurance shows a net income of $45,091.
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The tiny town of Nemo has three neighborhoods located on a straight line: Neighborhood 1, Neighborhood 2, and Neighborhood 3, with Neighborhood 2 located equidistant between Neighborhood 1 and Neighborhood 3. There is one daycare center, located on Neighborhood 1. There are 10 families residing in each neighborhood, and each family has one child. Each family is willing to pay $70/day for daycare, and prefers daycare closest to its own neighborhood (though at current distances, families will purchase daycare services even if it’s two neighborhoods away). Families are indifferent between any two daycares in the same neighborhood. Suppose that daycare costs $30/day per child to provide. A new daycare center is thinking of opening in Nemo. If both daycares will keep their price at $70/day, which neighborhood should the new daycare open in?
Answers
Answer:
Neighborhood 2
Explanation:
Based on the information given if NEIGHBORHOOD 2 is located between Neighborhood 1 and Neighborhood 3 which means that in a situation where both daycares decide to keep their price at the amount of $70/day, the neighborhood that the new day care should open in is NEIGHBORHOOD 2 reason been that with NEIGHBORHOOD 2 all the families living in both Neighborhoods 2 and Neighborhoods 3 will be attracted to Neighborhoods 2 and on the other hand won't not be attracted to Neighborhood 1, for the amount of $800/day which is calculated as:
(10 Families *2) * ($70 for day care - $30 per child)
20*40= $800/day
Therefore the neighborhood that the new daycare should open in is NEIGHBORHOOD 2
the highest valued alternative that is forgone when you choose an action is called its:
Answers
The highest valued alternative that is forgone when you choose an action is called its opportunity cost.
Opportunity cost is a crucial concept in economics and decision-making. It refers to the benefits that you could have received from an alternative option that you gave up when you chose a different course of action. In simpler terms, it's the cost of what you could have done but chose not to do.
For example, let's say you have $50 and you have to choose between buying a new shirt or going out to dinner with your friends. If you decide to buy the shirt, your opportunity cost is the enjoyment you would have had going out with your friends. Conversely, if you choose to go out with your friends, the opportunity cost would be the new shirt you could have bought with that $50.
Opportunity cost helps individuals and businesses make informed decisions by weighing the benefits and drawbacks of each choice and considering the potential lost opportunity. It's essential to consider opportunity costs when making financial decisions, as it helps to ensure that we make the most effective use of our resources.
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wants to open a new influencer marketing company. intero, a multinational firm, agrees to fund his business on the condition that intero be given 48% ownership in the company. in the given scenario, intero is most likely a(n) .
Answers
This arrangement is a typical example of a venture capitalist agreement, where the investor takes a significant stake in the company in exchange for their financial support.
Venture capitalists are individuals or firms that provide financial support to startup companies in exchange for a percentage of ownership or equity in the company. They invest in early-stage companies that have high growth potential and aim to make a significant return on their investment.
In this case, the individual who wants to open a new influencer marketing company is seeking funding from intero, a multinational firm, and intero is willing to provide the necessary funds on the condition that they receive 48% ownership in the company.
Venture capitalists typically provide more than just funding; they also offer expertise, industry connections, and mentorship to help the startup grow and succeed. However, it's important to note that giving away a significant portion of the ownership in the company can limit the founder's control over the business, and they must carefully weigh the pros and cons of accepting such an offer before making a final decision.
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A country has an absolute advantage in the production of a product when it is more efficient than any other country in producing it. true false
Answers
The given statement A country has an absolute advantage in the production of a product when it is more efficient than any other country in producing it is True.
True. A country has an absolute advantage in the production of a product when it is more efficient than any other country in producing it.
This means that the country can produce the product using fewer resources or in less time compared to other countries.
It is important to note that absolute advantage is not determined by the cost of production, but by the efficiency of production.
For example, if Country A can produce 100 units of a product in one hour, while Country B can produce only 50 units in the same amount of time, Country A has an absolute advantage in producing that product.
This advantage allows the country to specialize in producing that product, potentially leading to increased exports and economic growth.
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Question 15 of 20
The supply of a good available in a market is likely to increase when:
A. new regulations increase the cost of making the product.
B. few workers have the skills needed to create the product.
C. technology used to make the product is not widely available.
D. companies believe that the product's selling price will go up.
Answers
The supply of a good available in a market is likely to increase when actually and generally new regulations increase the cost of making the product Option(A) is correct.
What is Supply?In Financial aspects, supply is how much an asset that organizations, makers, suppliers of monetary resources, or other monetary specialists are willing and ready to give to the commercial center or to a person.
Supply can be in delivered products, work time, unrefined components, or some other scant or significant item. Supply is many times plotted graphically as a supply bend, with the cost per unit on the upward pivot and amount provided as a component of cost on the even hub.
Therefore Option(A) is correct This inversion of the typical place of the reliant variable and the autonomous variable is a lamentable yet standard show.
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a foreign currency option is always reported on the balance sheet at its multiple choice question. a)intrinsic value. b)time value. c)fair value.
Answers
The correct answer is c) fair value. A foreign currency option, like other financial instruments, is reported on the balance sheet at its fair value.
Fair value represents the current market value of the option, taking into account factors such as the underlying exchange rate, time to expiration, interest rates, and volatility. Intrinsic value (option a) refers to the difference between the current market price of the underlying asset and the strike price of the option. It is relevant for options that are "in-the-money" and represents the immediate value that could be obtained if the option were exercised. Time value represents the additional value of an option beyond its intrinsic value. It is influenced by factors such as time remaining until expiration, expected volatility, and interest rates. Time value reflects the potential for the option to gain value in the future due to changes in market conditions.
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1. Give short introduction of the professions in public service sector.
Answers
10108282828282828282
What determining factor do buyers use to
select products in a pure competition
market?
A. Quality
C. Profit
B. Brand
D. Price
Answers
Answer: D
Explanation:
Answer: In a pure competition market, the determining factor that buyers use to select products is price. Therefore, the correct answer is option D: price.
Explanation: In a pure competition market, the determining factor that buyers use to select products is price. In a pure competition market, there are many buyers and sellers, and the products offered by the sellers are largely the same. In this type of market, buyers will typically choose the product with the lowest price, as there is little difference between the products offered by the different sellers. Other factors, such as quality, brand, and profit, may also play a role in a buyer's decision, but in a pure competition market, price is typically the most important factor.
Joe Chin bought a house for $180,000. He made a 20% down payment. Joe secured a loan for the balance of the purchase price at 6.5% interest for 30 years. What will be the monthly payments on the loan? (do not use commas or dollar signs in your answer)
Answers
Answer:
910.18
Explanation:
After Chin's down payment the amount borrowed is ...
(1 - 20%)($180,000) = 0.80·$180,000 = $144,000
The amount of the payment is given by the amortization formula ...
A = P(r/n)/(1 -(1 +r/n)^(-nt))
for P borrowed at rate r for t years, compounded n times per year.
A = 144000(0.065/12)/(1 -(1 +.065/12)^(-12·30)) = 910.18
The monthly loan payments will be 910.18.
is it hard to get a job at chik fil a? kinda stupid question ik, I just really need money. if so any recommendations?
Answers
Answer: Maybe you can try getting a job at starbucks, mcdonalds, five below, etc. It depends how old are you.
When dealing with scarcity, it is important to identify the best way to use the item that
is
Answers
Answer:
Explanation:
in short supply
A new luxury apartment building is being constructed in your town and the developers want to know what type of amenities tenants will expect. Develop a cover letter to send along with a survey on desired amenities. Explain how your letter meets the guidelines for a good cover letter
Answers
Answer:
To 12 March 20XX
The Developer
2nd avenue
Boston
2013XX
Subject - Information Regarding amenities
Dear Sir/ Ma'am,
I am writing this letter to provide necessary information regarding a new luxury apartment building in our town. This building provides a consistent look which makes all the developers to attract.
I assure so many amenities in the luxury apartment building. We have so many pet friendly amenities for residents to offer such as habitat centres for pet inside the society, vet clinic etc. We also ensure high WiFi amenities. Nowadays WiFi is necessary to people to interact with others. We have green space in the society to ensure good environment to surround with.It also ensure lap pool and lounging pool, sporting facilities and other comprehensive fitness amenities etc.
The apartment buildings are versed with well maintained lifts. We have succeeded in maintaining terrace roof gardening to provide the opportunity to the residents to connect with their soul.
I would be delighted to discuss with you, how our amenities satisfy with residents. Thank you for your consideration. Looking forward for your response.
Regards,
Chetan
32, Boston
99XXXXXXXX
why is maximum number of person in partnership business mentioned in companies act and not in partnership act
Answers
The Companies Act and the Partnership Act are two different laws that govern different types of businesses.
The companies act and partnership act-The Companies Act governs companies, which are separate legal entities from their owners, while the Partnership Act governs partnerships, which are not separate legal entities from their owners.
The maximum number of persons in a partnership business is not mentioned in the Partnership Act because there is no limit to the number of partners a partnership can have. However, the Companies Act limits the number of members in certain types of companies, such as private companies, to a maximum of 200 members. This is because companies are separate legal entities and the law seeks to regulate their operations to ensure that they operate in a manner that is fair and transparent to all members.
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there are certain things, like renting a car or booking a hotel room, that you cannot do without having a credit card.
Answers
The given statement "there are certain things, like renting a car or booking a hotel room, that you cannot do without having a credit card." is generally a False Statement.
While having a credit card can make certain transactions easier or more convenient, there are often alternative payment methods available for renting a car or booking a hotel room, such as using a debit card or paying in cash. Some rental car companies or hotels may require a credit card for security purposes or to hold a reservation, but it is not always a strict requirement.
The benefits of receiving payment through a credit card are that it provides a convenient and fast way to receive payment from customers. Additionally, credit card payments are typically processed electronically, which can reduce the amount of time and effort required to handle and deposit checks or cash. Credit card payments may also offer protection against fraud or disputes, as credit card companies often provide chargeback mechanisms for disputed transactions. Finally, accepting credit card payments may increase sales, as many customers prefer to use credit cards for their purchases.
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The Correct question could be:
there are certain things, like renting a car or booking a hotel room, that you cannot do without having a credit card. T/F
What is forms of buisness??
Answers
Answer and Explanation:
Some forms of business are sole proprietorship, partnership, corporation, and s corporation.
Harpeth Valley Water District has a bond outstanding with a coupon rate of 3.39 percent and semiannual payments. The bond matures in 20 years, with a yield to maturity of 3.99 percent, and a par value of $5,000. What is the market price of the bond
Answers
The market price of the bond is $5,322.43. This is the amount that an investor would be willing to pay for the bond given its coupon rate, maturity, and yield to maturity.
The present value of the bond is the sum of the present value of its coupon payments and the present value of its face value or par value. The coupon payments are semiannual, which means we need to divide the coupon rate by 2 and multiply it by the par value to get the semiannual coupon payment.
The semiannual coupon payment is:
Coupon payment = (3.39% / 2) x $5,000 = $84.75
The number of coupon payments is 2 x 20 = 40.
The yield to maturity is 3.99%, which is the discount rate we will use to discount the future cash flows of the bond. We can use Excel or a financial calculator to compute the present value of the bond, but we will use the formula below:
Present value of bond = (Coupon payment / Discount rate) x [1 - 1 / (1 + Discount rate / 2) ^ (Number of coupon payments x 2)] + (Par value / (1 + Discount rate / 2) ^ (Number of coupon payments x 2))
Plugging in the values, we get:
Present value of bond = \(($84.75 / 0.01995) x [1 - 1 / (1 + 0.01995 / 2) ^ (40)] + ($5,000 / (1 + 0.01995 / 2) ^ (40)) = $5,322.43\)
Therefore, the market price of the bond is $5,322.43. If the market price is higher than the par value, the bond is said to be trading at a premium, and if it is lower, the bond is trading at a discount.
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Assume a contractionary gap of $4 trillion. with mpc equal to 0.75. What would be the recommended fiscal policy action in order to return output to full employment levels?
Answers
The recommended fiscal policy action would be to increase government spending and/or decrease taxes as a means to stimulate aggregate demand and close the contractionary gap.
To return output to full employment levels in the case of a contractionary gap of $4 trillion and an MPC of 0.75, the recommended fiscal policy action would be to implement expansionary fiscal policy. This involves increasing government spending and/or decreasing taxes to stimulate aggregate demand and close the contractionary gap.
One approach could be for the government to increase its spending on infrastructure projects, such as building roads, bridges, and schools. This would create jobs and stimulate economic activity, leading to an increase in output. Alternatively, the government could implement tax cuts to increase disposable income for consumers, which would then be spent on goods and services, further boosting aggregate demand.
By taking these fiscal policy actions, the government can encourage spending and investment, which would help to close the contractionary gap and bring the economy back to full employment levels.
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Timmy is a friend who came by your store after hours to have a beverage and play video games. When Timmy got up to use the restroom in the back of the store, he tripped over a raised piece of floor, causing him to fall and break his nose. You found out about the raised piece of floor yesterday, but you did not fix it because the restroom is for employees only. You owe Timmy:
Answers
Answer:
I owe him slip or trip compensation
Explanation:
The reason is that its shop owners responsibility to apply adequate duty of care so that other person don't get affected by the negligence of the shop owner. This negligence has resulted in breaking the nose of Timmy. Hence the shop owner owes Timmy slip or trip compensation and that he must repair that floor under the requirement of OSHA standards. The court may fine the shop owner for not having appropriate health and safety measures for the employees.
I attached a pic of my question, pls help.
Answers
Farmer raising sheep.